Bella Protocol/Tether Market Overview

• BELUSDT traded in a 0.192–0.198 range, forming a consolidation pattern near 0.1945.
• Volatility dipped during early ET hours but surged post-15:00 ET with a sharp move above 0.1975.
• Volume spiked during the late ET bullish breakout, confirming strong buyer interest.

BELUSDT opened at 0.1928 at 12:00 ET–1 and closed at 0.1928 at 12:00 ET on 2025-11-10. The pair reached a high of 0.1980 and a low of 0.1910 during the 24-hour period. Total volume amounted to 1,904,847.3 units, with a notional turnover of $366,510.50. The price action showed signs of consolidation in the early hours before a late-day rally that pushed the pair above key resistance levels.

Structure & Formations

Price action revealed multiple candlestick patterns, including a bullish engulfing at 09:30 ET–10:15 ET and a hammer at 03:15 ET, suggesting potential reversals. Resistance levels appeared near 0.1945 and 0.1975, with the former showing multiple rejections. A clear inverted hammer at 14:00 ET indicated bearish exhaustion, while a bullish marubozu at 13:45 ET signaled strong momentum above 0.1979.

Moving Averages & Volatility

On the 15-minute chart, the 20-period and 50-period moving averages crossed during the early morning session, forming a golden cross around 03:30 ET, followed by a death cross at 14:30 ET as momentum reversed. The price spent most of the day within Bollinger Bands, narrowing during consolidation and expanding during the late-ET breakout. A notable convergence of the bands occurred between 06:00–07:30 ET, setting the stage for the breakout.

MACD showed bearish divergence in the mid-ET hours, but turned bullish again post-14:00 ET, matching the late-day rally. RSI oscillated between overbought and oversold levels, hitting 69 at 14:00 ET and dropping to 31 at 10:00 ET, indicating healthy price volatility.

Volume & Fibonacci

Volume spiked during the late-ET bullish move, particularly between 13:30–14:00 ET, confirming the strength of the breakout. The 61.8% Fibonacci retracement level from 0.1910 to 0.1980 aligned with 0.1945, which was tested multiple times. A 38.2% retracement level at 0.1965 was briefly broken before a consolidation phase began. The volume-to-price alignment suggests that the breakout was not a random spike but a coordinated move.

Backtest Hypothesis

The proposed strategy relies on identifying bullish engulfing patterns near 0.1945 resistance, with a 15-minute holding period and a stop-loss just below the candle low. Given the 15-minute OHLCV data provided, the most accurate approximation for backtesting would be to exit the trade at the same day’s close (option a), as the data ends at 12:00 ET. A 0.25% tolerance around 0.1945 (0.1930–0.1960) would define the “near resistance” filter. With the OHLCV data and these parameters, we can test the strategy’s profitability over the 24-hour period, identifying the number of qualifying entries, exit points, and unrealized gains.

Looking ahead, the 24-hour consolidation and late-ET breakout suggest a possible continuation toward 0.1980–0.2000 if buyers maintain control. Traders should monitor the 0.1945 level for possible retests, as it could act as a dynamic support. However, a breakdown below 0.1920 may indicate renewed bearish pressure, especially if RSI enters oversold territory without a reversal.